Alcoa (NYSE: AA) COO Matthew Reed reports new stock-based awards

Rhea-AI Filing Summary

Alcoa executive Matthew T. Reed reported new stock-based awards. On January 28, 2026, he acquired 17,340 and 3,470 shares of Alcoa common stock at $0.00 per share. These reflect restricted stock unit awards that generally vest ratably over three years. Following the transactions, he beneficially owned 76,370 shares directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reed Matthew T

(Last) (First) (Middle)

201 ISABELLA STREET

SUITE 500

(Street)

PITTSBURGH PA 15212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alcoa Corp [ AA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	01/28/2026		A		17,340(1)	A	$0.00	72,900	D
Common Stock, par value $0.01 per share	01/28/2026		A		3,470(1)	A	$0.00	76,370	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Award of restricted stock units (RSUs), which are settled in stock upon vesting, and generally will vest ratably over a three-year period on the first, second, and third anniversary of the date of grant.

	/s/ Marissa P. Earnest, attorney-in-fact for Matthew T. Reed	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Matthew T. Reed report in the latest Alcoa (AA) Form 4 filing?

Matthew T. Reed reported two stock acquisitions of Alcoa common shares. On January 28, 2026, he received 17,340 and 3,470 shares at $0.00 per share, increasing his directly held stake to 76,370 shares.

What role does Matthew T. Reed hold at Alcoa (AA) in this Form 4?

Matthew T. Reed is identified as an officer of Alcoa, serving as EVP, Chief Operations Officer. The Form 4 reflects stock-based awards granted to him in that capacity, reported as directly owned common stock.

How many Alcoa (AA) shares does Matthew T. Reed own after these transactions?

After the reported transactions, Matthew T. Reed beneficially owned 76,370 Alcoa common shares directly. This figure incorporates the January 28, 2026 acquisitions of 17,340 and 3,470 shares at a reported price of $0.00 per share.

What was the price per share for Matthew T. Reed’s Alcoa (AA) stock acquisitions?

Both transactions list a price of $0.00 per share. This is consistent with stock-based compensation, where shares are granted rather than purchased in the open market, tied to restricted stock unit awards noted in the filing.

What does the Form 4 say about Matthew T. Reed’s Alcoa (AA) restricted stock units?

The filing notes an award of restricted stock units (RSUs) that are settled in stock upon vesting. These RSUs generally vest ratably over three years on the first, second, and third anniversaries of the grant date.

Are Matthew T. Reed’s Alcoa (AA) shares held directly or indirectly?

The reported holdings are shown as directly owned (code D). After the January 28, 2026 grants, his beneficial ownership of Alcoa common stock is listed as 76,370 directly held shares, with no indirect ownership nature indicated.